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to the economy. the economy needs financial assistance from the outside from the european union and i'm afraid the people running the show presumably the germans in the first instance have decided greek depositors should take a hit. the way that played out at least over the weekend was all depositors would take a hit of some kind no matter how small their deposit. it sales to be now an attempt to back away from that and focus on people with deposits over 100,000 euros targeting in part russians who hold a large amounts of money, claims on those cyprian banks. >> rose: when that happened what was the talk in the financial community citing your com a couple quotes one from dennis gotman the binging has been shaken to its roots. the banking depends on trust. he wrote a note to his clients trust that has now been shattered, broken and destroyed. jim o'neal at goldman sachs says astonishing with very little thought of containing. >> bailout 101 is you want to keep the money in the banks. you want to avoid a run on the banks. you want to avoid where people are standing outside wanting their cash be
this economy. and i thank you once again, my good friend from california, for making all the important points this evening. mr. garamendi: washington, d.c., your leadership in this community has been known for some time and i thank you very much for joining us tonight. i want to do two things before i end. first of all, medicare is back on the table. the ryan budget takes up medicare once again and provides a voucher that will destroy it. i'm going to change this. medicare, 1965, president 2013, created by l.b.j., destroyed by the g.o.p. i don't think so. seniors don't want it. americans don't want it. the last campaign for presidency, this was one of the major issues and ryan is coming back with it. bad idea, bad timing. and i want to end with this, this is a great country. there is no other place in the world like the united states. it is one terrific country. there is enormous energy in this country, where people want to get a job and go to work and businesses want to grow and hire people. all of that is waiting for congress to get its act together, to get this sequestration out of the way
class and an economy built on nnovation. in my state of the union address, our most important task was to drive that economic growth. i meant it. we should be asking ourselves the questions -- how to make america a land for good jobs? how do we equip people with skills and training to do those jobs? how do we make sure that hard work leads to a decent iving? please feel free to sit down. i'm sorry. everyone is standing. maybe it was one of the effects of the sequester. you had to get rid of chairs. [laughter] i chose argonne national lab because few areas hold more promise for creating good jobs and growing our economy than how we use american energy. after years of talking about it, we are poised to take control of our energy future. we produce more oil that we have in 15 years. we import less oil than we had in 20 years. we have doubled the amount of renewable energy that we generate from wind and solar. tens of thousands of good jobs to show for it. we are producing more natural gas than we have before that hundreds of thousands of good jobs to show for it. we have supported the
is normal banking business. there is enough money to keep the economy moving forward, but these are very, very difficult days. tomorrow, the banks will be closed again, and quite possibly on friday, too. >> thank you. we are bringing you all of the latest developments from cyprus as they search for a solution there. police have searched the home of kristie in the guard. ofkhristine lasard, the head the international monetary fund. the operator of japan pose the damaged nuclear power plant in fukushima said iraq had been responsible for a loss of power this week. -- said a rat has been responsible for a loss of power this week. a dead rat was found near a switchboard. the company is investigating whether the raft was the cause. that it has killed a french national captured in mali in 2011. it claims it executed the man in retaliation for france's intervention in mali. the french foreign ministry said it is trying to verify those claims. the first test- tube baby was born in the u.k., the country could be leading the way again. this time it is a new idf procedure that creates a baby with t
of the economy that are not that strong and i don't know what the sequester will bring in the month of april. >> look, the data say things are better, and i think the fed will be under a lot of pressure because interest rates are headed higher. >> at some point the fed will have to acknowledge that -- and they have -- to your point, they changed the language a little bit. it's a moderate recovery and it's a strengthening recovery. words like that. >> right. >> at some point they're going to have to acknowledge what we all seem to know which is -- they're not great, but things are getting better. now will inflation pick up and that, of course, is the fed's number one mandate. will inflation pick up until we see jobs pick up because wage inflation comes with excess demand from workers. i don't know. that's the big trillion dollar question mark. >> commodity inflation whether it be corn or copper and the strong dollar will contain inflation that's going up a great deal. housing is stabilizing and not really in the numbers. i want to take issue with some of what you said. i think we all think th
own way. toyou can go to c-span.org check out "first ladies." spoke about the economy and monetary policy. you can see all of the news conference tonight a on c-span. , our policy has two main elements. first, we decided to continue purchasing mortgage-backed perrities at a pace of -- month. it bears to emphasize that the committee has described this program in terms of a monthly pace of purchases rather than a total amount of expected purchases. evolution of the program to economic criteria. within this framework, the committee can vary the pace of purchases. at this meeting, the committee judge -- second, the committee kept the target to the federal fund rate. it will remain appropriate for a considerable time after the purchase program ends and if the economic recovery strengthens. the low range for the fund rate will be appropriate as long as the unemployment rate remains above 6.5%. if economic conditions provided in the guidance are a threshold and not triggers, crossing one or more these marshaled will not automatically lead to an increase in rates. rather the committee will
economy and our debt and deficit. in the creation of jobs that are so important. senator sessions? you have to know what budget does with regard to directing the closing of loopholes and deductions that occur. the plan in the budget is to spend that money. it actually spends it twice. .ut it spends the money if you but that's damon from the professor on the screen, last in this very hearing room, they said this. for business tax reform, the leading corporate tax rate should be in the mid-20s, made for by getting rid of the hand of government that is distorting business behavior and let is this the business. that was the lead democratic witness here. i asked him to repeat it. so you are sam at the money that you get from closing deductions and making the tax code simpler, which i prefer, should be used to reduce the rates and he said yes. and senator baucus believes that. members of your committee have need toed about the simplify and reduce the rate. but if you spend the money, you get some closing loopholes. how do you reduce rates? this is the kind of logic we need to get into our mi
. and stay the course. that's the message from the fed chairman ben bernanke today. he says our economy is improving but it still needs help. so the fed will keep interest rates at record low levels and will keep buying $85 billion in bonds each month. stocks like that, the dow up 56 points. briefly hitting a new record. the nasdaq up 25. the s&p up 10. of course, investors the world over are still watching the tiny island nation of cyprus as it nears possible bankruptcy. banks there are closed for the rest of the week now. and lawmakers are working on a plan b after parliament rejected a proposal to tax people's savings accounts. the fox business network peter barnes is live in the newsroom in washington. how concerned is the fed about cyprus? >> well, shep, he said the feted is paying attention to it, monitoring cyprus carefully. he said that so far its problems don't appear to be spreading to the u.s. or other countries. and that's the big concern here that this could become a contagion and trigger another financial crisis. but, bernanke suggested cyprus is unique, that its banking s
is that uncertainty increases in the city. when uncertainty increases in the economy, investment slows down and we all know that. risk capital starts to dry up. the riskiest fornl is venture capital. what we do on the west coast or new arc or whatever it is, silicon valley is the beating heart. >> when you say risk capital, it is ventures that sometimes fail and sometimes are astronomically successful. >> that's part of the job. we're not talking about a huge amount of money per year. we're talking single-digit millions per year and those billions per year create hundreds of billions of dollars in wealth and in job creation and in wealth creation. so that is the money that dries up first and we're seeing it already in silicon valley. >> you're saying the cuts, what's the part that dries it up, the uncertainty our the can you say to the research spending and what's the this i think that most hurts. >> fastest is uncertainty. confidence is the cheapest form of stimulus. when congress is not acting, when it is acting very poorly, when it is acting, what is happening is the all forms of capital, all forms
as soon as possible and to stir growth. they bumped liquidity into the economy, but he said he took extreme care to make sure the country did not shoulder the countries debt. he also said they could not change fast enough to keep pace with the ageing population and the progress has caused the economy to stall. the consulting chief researcher spoke about his five years in office. he criticized the governor for not working hard enough to pull the country out of deflation. he said he worried too much about the risks of inflation that could set in if he took bold, monetary measures. >> he was able to end deflation. he failed to clearly outlike the boj's responsibilities and to appeal to the public that they would take aggressive steps. >> but he gave him credit for helping to stabilize the financial system. japan did not experience a financial crisis despite the collapse of lehman brothers and the earthquake two years ago. here are the latest market figures. >>> people across iraq are looking back on a war that took away one problem and replaced it with many others ten years ago on marc
goals. the coalition drawdown will have an impact on afghanistan's economy which is likely to decline after 2014. in pakistan, the government has made no effort to institute -- this past year, the pakistani armed forces continued operations in tribal areas which have been safe havens for al qaeda and the taliban. pakistan saw fewere domestic attacks from the militant group. violence, corruption and this cretinism in africa will threaten u.s. interests this year -- and extremism in africa will threaten u.s. interests this year. we still see a result conflict between sudan and south sudan, extremist attacks in nigeria, a persistent conflict in central africa. china is supplementing its more invest military capabilities but altering maritime law enforcement to support its claims in the south and east tennessee's. it continues its informations dealing campaigns. russia will continue to resist putting more international pressure on syria or iran and display its sensitivity to missile defense. latin america and caribbean contend with weak institutions and trafficking which pose a threat to
the economy moving and get jobs back and i spent hours this week in a budget committee and will be going back soon and the budget is on the floor next week, and those will continue to be the issues i put my primary focus on. >> what do you say to a gay constituent in ohio who says i am so glad he changed his position, and why didn't he as my representative care about my rights before? >> i would say that i had a change on heart based on a personal experience, and that's certainly true. dick cheney had a similar experience and i talked to him about this, and it was not an issue i gave much thought to, and maybe i should have, and i got into public service because of my concern on the economic and budget issues and that has always been my focus. >> and the very last question i will ask was going to be about dick cheney. did you call him for advice because he had a situation very similar? >> yeah, i spoke to him penally. >> what did he tell you? >> rob, do what is in your heart, you know. i mean, he was -- he was a good person to talk to because he also was surprised by the news, and in that cas
mess. a total and complete mess. what we need is leadership. now, by fixing the economy we're able to solve the problems that we really do need to solve immediately as a nation, medicare, medicaid, social security, they become affordable when we become a wealthy country again. you know part of the reason that the republicans and even the democrats they're talking we have to cut, we have to talk because our country isn't doing it. new technology has shown that we have tremendous wealth under our fete in the form of energy. right under our feet. north dakota is a great example. [applause] we're not allowed to go and get it. so we go to opec nations that think we happen to be, they are all friends of mine. they think we're the stupidest people on earth. they can't believe what they are getting away with. we could become so easily the energy capital of the world. so what i say is this, we have to start building things. we have to start manufacturing, not just taking care of people, not just taking care in terms of health care. that is not manufacturing that is money going out. we have
report showing a tale of two economies, young people struggling and millionaires the number is surging. what is needed that is still ahead. >> kelly: and we are less than two hours away from results of the cpac straw poll. what will it tell us about the presidential field in 2016? >> we're not here to rebrand the party. we are here to rebuild a country. [ phil ] when you have joint pain and stiffness... accomplishing even little things can become major victories. i'm phil mickelson, pro golfer. when i was diagnosed with psoriatic arthritis, my rheumatologist prescribed enbrel for my pain and stiffness, and to help stop joint damage. [ male announcer ] enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. you should not start enbrel if you have an infection like the flu.
population and they have been stuck in a stagnant economy over a decade. if you go to europe, the same thing is happening. the native population has a declining population. your financial growth as a country is based on your labor, your consumption and your production. economicallyvive without a population that grows. that is fed by immigration. need help in both stages. we are graduating prelude engineers, mathematicians, scientists who come from india -- who returned to india and china to apply their trades instead of staying here working for microsoft, ibm and others. we have to provide those folks for an opportunity to work here. if there is no migrant workers, there is the agricultural industry in the united states. is herer labor force undocumented. they do not contribute to our taxes. they do not contribute to our society. it is important to get them out of the shadows and into the mainstream. we would not prosper as a nation without a reasonable immigration policy moving forward, one that fluctuates. the number of people allowed to come to america should be based on the number of opp
. and the federal government last year in the midst of this terrible recession, the midst of this difficult economy, added $33.9 billion in additional costs through regulatory activity that's going to take 81 million hours to complete. let's do some back of the envelope math, mr. speaker. 81 million hours. the average work year, 40 hours a week, you work 50 weeks a year, that's 2000 hours. 000 hours. that's 40,000 people. who will spend every working all of every working day year long just to meet the new federal regulatory burden. mr. speaker, i don't wonder why it is that entrepreneurial activity is the lowest it's been since we began keeping records. the wonder is that folks are still trying at all. i had someone say that to me, mr. speaker. i was visiting with a group of honor students. i represent two counties in the north metro atlanta area. we were talking about what you want to do when you grow up. we were talking about america as a land of opportunity where you can do anything you want to do. where it's our birthright to be filled with opportunities that our parents never dreamed of having
to be cooling a bit on the president's handling of the economy inch spite of this surge that has sent wall street to record numbers and an improving employment picture. a new washington post abc news poll finds 44% approve of the way the president is handling the economy. that is down from 50% in december. right now 52% disagree. and when it comes to public trust on dealing with the economy the president has only a slight edge over congressional republicans, 44 to 40%. joining us now, juan williams, he is a fox news political analyst as you well know. so what is your thinking about the reason behind the president's slide in the polls on the economy, juan? >> independent voters, jon, who were previously convinced that president obama really had a better handle on the economy than the republicans, and now if you look inside the poll numbers that you just cited, what you see is that independents have gone over the edge and now favor republicans slightly to the president. so i think that this in fact is an evidence of the success of a republican strategy. the republican strategy in the midst o
to technology, and the dynamics of our economy, and low income person today would have richard comfort that would exceed the -- creature comforts that would exceed the wealthiest americans years ago. our culture and political leadership have robbed them of the why of america. our purpose. [applause] they have transformed the thatcan tree -- dream give us purpose and hope inmates suffering much less bearable -- and made suffering much less bearable. what is the american dream? we all know that america is not like any other country in the world. we are not an ethnicity. we are all hyphenated americans. no, america is a why. it is an ideal, a set of principles and values. that is what makes us together. that is what has given us purpose throughout the centuries. and where does that come from? it comes from our founding declaration of independence. before that, if you had gone to georgia, or massachusetts, or virginia, and asked them what they were fighting ofor, they would have given you different answers. but our declaration brought us together and reach into america it old. -- its soul
the deficit and grow our economy. yield back. the speaker pro tempore: the chair lays before the house the following personal requests. the clerk: leave of absence requested for mr. thompson of california for today. the speaker pro tempore: without objection, the request s granted. under the speaker's announced policy of january 3, 2013, the gentleman from california, mr. bera, is recognized as 60 minutes as the designee of the minority leader. mr. bera: mr. speaker, thank you for that recognition. thank you for this time. mr. speaker, over the past several weeks, i've been talking to my constituents, i've been talking to former patients about the importance medicare and how medicare has impacted their lives, how they've relied on it. you know, as a doctor, i've taken care of thousands of patients, patients who've worked their whole life paying into a system so that they could rest easy at a time when they needed their health care. hey -- they needed their health care they wouldn't have to worry about it. this is a program that has served millions of americans for decades. they've come
the economy and put people back to work. if we do that, we'll be bringing in more revenue and if we control spending, potentially what you have balance. >> a quick response to that. >> that's exactly the point. balancing the budget will in fact help our economy. it will help create jobs in our country. get our economy going again. and put more people back to work. the fact that the government continues to spend more than a trillion dollars every year that it doesn't have, scares investors, scares business people, makes them less willing to hire people. >> is the grand bargain dead? >> i don't know whether we can come to be a big agreement if we do. it will be between the two parties on capitol hill. hopefully, we can go to conference on these budgets. hope springs eternal in my mind. >> senators graham and ayotte and other republicans have said they're open to new revenue if the president is willing to do significant entitlement reform. is that something you could consider? would you say no to that? >> the president got his tax hikes on january 1st. the talk about raising revenue is over, i
are actually focused on jobs and economy, erin. they're not focused on the debt. i think you have that captive sort of republican grass root that is focused on the debt and trimming back federal government. and they've captured the sort of republican party. but the vast majority of americans are more focused on the economy and creating jobs and building stable middle class than they are on cutting the deficit. yeah, the deficit is an issue. it's not the number one issue. >> why, boehner do that? we don't have an immediate debt crisis. you would see that in the market, right? so boehner is say ing the truth. it is against what he's been saying which is the debt is a problem. why did he do that? >> he said we need to address it over the long term. that means taking steps now. but here's the thing, he is actually opening the possibility that republicans move to more favorable ground because right now the problem is that republicans are emphasizing have been emphasizing root canal economics, only fiscal austerity rather than a more positive agenda. by conceding the point that we don't have an imme
economy. we stand together because we share a commitment to helping our fellow human beings around the world. when the earth shakes and floods come, our doctors and rest was reached out to help. when people are suffering, from africa to asia, we partnered to fight disease and overcome hunger. piecend together because must come to the holy land. for even as we are clear-eyed about the difficulties we never lose sight of the vision of israel at peace with its neighbors. so, as i began this is it let me say as clearly as we can, the united states of america stands with the state of israel because it is in our fundamental national security interests, it makes us both stronger, it makes us both a more prosperous, and it makes the world a better place. that is why -- [applause] the united states it was the very first nation to recognize the state of israel 65 years ago. that is why the star of david and the stars and stripes flying together today. that is why i am confident in declaring that our alliance is forever. thank you very much. [applause] >> [speaking in foreign language) >> bar
and the economy and limiting the size of government and being fiscally responsible. that's what we're hearing folks talk about here and across the country. >> morris, senator portman's announcement comes on the heels of over 100 prominent republicans signing their name on a brief urging the supreme court to allow gay marriage. we have president obama announcing his support. are we at a watershed moment? >> i think so. i think as you look at the next anyration, the folks under 40, this is nothing that they really -- they don't really understand why the older generation doesn't get their arms around this. you know, as people personalize it, when you have a member of your family that perhaps is gay or lesbian, it's easier for you to come out as a republican, but they really are going to have to do a better job of pushing along the party. it's not as big a deal for younger americans. just as race for the other generation became less of a big deal. this will become less of a big deal for a sexual preference. >> alice, your former candidate rick santorum, he's staunchly against gay marriage. listen
the economy going, get jobs back, and i spent hours this week in the budget committee. i'll be going back soon. the budget is on the floor next week. and those will continue to be the issues that i'll put my primary focus on. >> reporter: what do you say to a gay constituent in ohio who says, i'm so glad he changed his position but why did it take him learning that he has a gay son? why didn't he as my representative care about my rights before that? >> well, i would say that, you know, i've had a change of heart based upon a personal experience. that is certainly true. dick cheney i think had a similar experience. i've talked to him, by the way, about this. you know, it wasn't an issue i had given much thought to prior to that. maybe i should have but the reason i got into public service was because of my concern on the economic and budget issues. that's always been my focus. >> reporter: you just walked into the very last question i promise i will ask which was going to be about dick cheney. you said you did talk to him. did you call him for advice because he had a situation very similar? >>
economy. it's to create faster economic growth, to get jobs. you have to reform government to do that. >> well, on the medicare issue which is maybe the most sensitive issue out there, are you saying there are democrats who support your plan, which democrats describe as creating a voucher for medicare recipients? >> it's not a voucher program. it's called premium support and is an idea that originated from the brooking institutions from democrats to begin with. it is an idea i used to work on with alex ridlin. it's exactly just like the idea i worked with ron wyden the senator from oregon last year on. the point is good people from both political parties can lick this problem in the future and come to a solution and that is what we're proposing. our solution by the way, wolf, doesn't affect benefits of anybody in or near retirement but puts reforms of the program so we can make it solvent for the next generation like mine and our kids. we think it is the best idea for saving and strengthening medicare. we think the medicare board that will be put in place because of obama care is goin
cities. siemens. answers. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ♪ it was the best day ♪ ♪ it was the best day yeah! ♪ it was the best day ♪ because of you [sigh] [echoing] we make a great pair. huh? progressive and the great outdoors -- we make a great pair. right, totally, uh... that's what i was thinking. covering the things that make the outdoors great. now, that's progressive. call or click today. ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> bottom of the hour, welcome back everyone. i'm susan hendricks in for randi kaye. thank you for starting your morning with us. here are the five stories we're watching for you. number one the pentagon is expanding the missile defense network on the west coast in response to threats from north korea. defense secretary chuck hagel says they could spend as much as $1 billion on the expansion. reports say north korea test fired two short range missiles thi
the economy of the united states, not our strategic commands, but atm machines and etc. have you done a calculation of the potential cost of the economy, if someone decided to conduct an intimate attack on our banking system -- and concentrated attack? >> senator, an attack on our bank would be significant. it would have significant impact. if people can't get to their money, the impact of that is huge and you have seen that. we have discussed that. >> yes, we have. >> what i am concerned about is a service attack can accomplish that. it could make it very difficult for people to do online banking and trading and others. so there is a cost if you think about losing amazon, one hour cost $7 million in profit to them. and there is also a cost to accomplish its legislation in that each of our critical infrastructure portions of our industry have different levels of cyberreadiness, if you will. so the banks and the internet service providers are generally pretty good. the power companies are not so good and the government is somewhere in between. so the cost for fixing that is significant
to balance the budget and have billions of dollars on the table that could bolster your economy and expand coverage to hundreds of thousands of vulnerable residents. it's hard to turn that down. >> host: next to the wind come a republican in oregon. go ahead. >> caller: in front of me right now i have from white sending me paperwork on health care plan. you are not telling the people what is going to cost them. 2014 will cost $95 per adult, $47.50 per child. $162.50 per child. 34750 per child. after that it chomps for $40,500 to a single person. and that is a bronze and there must be tears to the the coverage nor the costs. we will pass it and then figure out what it means. this is exactly what you're doing i get calls all the time because they know. they are scared because they know they can afford this. you people are telling the people the truth of what is going to cost. >> host: you got that information from senator wyden's office? and you are a dog with a bone. what are you doing? are you organizing people against the affordable care act? >> caller: i have a lot of people ask me what
korea would damage its economy and effect its relationship with its neighbors and key ally the united states, mr. chung and his supporters believe it's the price they may have to pay to ensure denuclearization on the korean peninsula". regardless of whether or not south korea down the nuclear route, the south korean government under new president park geun-hye says if there is any military provocation from pyongyang it will retaliate with destructive force. anna coren, cnn, seoul. three people have been arrested after two inmates escaped from a correctional facility in quebec canada. using a helicopter. police caught one of the escapees -- who was described as a high profile offender. he was behind bars in connection with an attempted murder investigation. the other inmate is still on the loose -- and police have not identified the other people who were arrested. the helicopter's pilot is considered to be a witness -- not a suspect. cleveland has the rock n roll hall of fame. coming up, we'll show you the rock stars of sf state's hall of fame. plus we'll get a look at that sea lion p
♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. bill: so onward we go, huh? two more weeks of lent. martha: two more weeks of lent as we were discussing. have a great day everybody. "happening now" starts right now. jenna: right now we have brand new stories and breaking news. >> the fbi on the scene of the university of central florida after a suspicious death there. plus explosives were found inside a dorm. we're live with breaking details. >>> the gop's bold new plan for the future. what the party needs to connect with voters it finds. >>> china out with a new warning for the united states about plans to beef up our missile defense system. how this could impact growing tensions with north korea. it's all "happening now.". >>> fox news alert on a campus in chaos. police are investigating a apparent suicide find weapons and explosive devices at the university of central florida. that is how we begin this monday. i'm jon scott. jenna: i'm jenna lee. ucf is canceling classes just hours after evacuating a dor
who believe the fed will keep stimulating the economy by leaving near record low interest rates where they are. that's despite a strengthening u.s. economy and rising home prices. new this morning, the congress department announced home starts were up in february. construction rose at its second fastest pace in four and a half years and there is a positive sign for future construction as building permit requests jumped more than 4.5%. that's the most since june of 2008. >>> developing news. we're finding out more about last night's explosion in nevada that killed seven marines. ktvu's pam cook is in our newsroom to tell us exactly what happened. >> reporter: we're still trying to figure out exactly what happened but the pentagon has confirmed that at least seven marines were killed, seven others injured during a training exercise last night. it happened at the hawthorne army depot in nevada, not far from the california boder. 145 miles southeast of -- border, 145 miles southeast of re knee. it's used to -- reno. it's used to train forces. we have new video of some of the injured marin
's the view of economists who believe the fed will keep stimulating the economy by leaving near record low interest rates where they are. that's despite a strengthening u.s. economy and rising home prices. new this morning, the congress department announced home starts were up in february. construction rose at its second fastest pace in four and a half years and there is a positive sign for future construction as building permit requests jumped more than 4.5%. that's the most since june of 2008. >>> developing news. we're finding out more about last night's explosion in nevada that killed seven marines. ktvu's pam cook is in our newsroom to tell us exactly what happened. >> reporter: we're still trying to figure out exactly what happened but the pentagon has confirmed that at least seven marines were killed, seven others injured during a training exercise last night. it happened at the hawthorne army depot in nevada, not far from the california boder. 145 miles southeast of -- border, 145 miles southeast of re knee. it's used to -- reno. it's used to t
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up lima by going after cartels who control the transport system and regulating the economy of street vendors. they've been deeply unpopular among the war and have become fodder in a campaign to drive her out. >> the process underway is tainted with aggression, lies, distortion, misinformation, manipulation, and even worse, insult at my condition as a woman. it's injuring our citizens and causing negative visions. >> the recall vote is believed to be spearheaded by a former mayor looking for a comeback. he denies those allegations but controls the capital with significant influence as politicians jockey for power ahead of the elections. al jazeera. >> in southwestern colombia, soldiers conducted a raid in the jungle and seized nearly four tons of cocaine. they say they were hided and the confiscated cocaine had a street value of nearly 90 million dollars. 150,000 people have attended the first sunday prayers delivered by the new pope. before that, in an apparent break of precision and protocol, he met the faithful at ground level walking through the streets in st. annesa's church and
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of cypress as a way to save their economy. the proposed measures are provoking fears that the similar move may spread and cause bank runs in the other 16 nations that use the euro. the dow is down 35 at 14,478. the nasdaq is down 16. s&p down 7. >>> several tech industry analysts say apple is about to raise its quarterly dividends. they told bloomberg it could top $4 a share. that would put it in the top 20% of any publicly traded u.s. company. it would give a boost to investors who have seen their share price tumble more than 35% since september. >>> today, the faa is expected to announce its final decision son which small-to-medium airports will have their towers closed because of the sequester. early reports had concord, santa rosa, napa, san core lot and livermore as candidates in the -- san carlos and livermore as candidates in the bay area. the cuts begin next month. pilots will still be able to take off and land at the airports but instead of talking to air traffic controller, the pilots will have to talk to each other. >>> the republican party plans to change itself after what happ
savings in the nation of cypress as a way to save their economy. the proposed measures are provoking fears that the similar move may spread and cause bank runs in the other 16 nations that use the euro. the dow is down 35 at 14,478. the nasdaq is down 16. s&p down 7. >>> several tech industry analysts say apple is about to raise its quarterly dividends. they told bloomberg it could top $4 a share. that would put it in the top 20% of any publicly traded u.s. company. it would give a boost to investors who have seen their share price tumble more than 35% since september. >>> today, the faa is expected to announce its final decision son which small-to-medium airports will have their towers closed because of the sequester. early reports had concord, santa rosa, napa, san core lot and livermore as candidates in the -- san carlos and livermore as candidates in the bay area. the cuts begin next month. pilots will still be able to take off and land at the airports but instead of talking to air traffic controller, the pilots will have to talk to each other.
news now. this just crossing on the u.s. economy. the gas prices have spiked. the u.s. consumer price index up .7 of a percent. this is the highest level that we've seen in gas prices in more than three years. so a really big jump we have watched. think about the impact on that on people's pockets. the money going into the gas tank and not going other places, that is the biggest jump we've seen in three years. bill: four bucks plus in new york. martha: yeah. bill: so the wife of a jailed american pastor in iran heading to the hill today. this is the first hearing we will see on this topic. the wife of said abedini will testify in front of a house hearing. she hopes the obama administration will put more pressure on iran for holding her husband. he is being held for practicing his faith in that country. we have the chair of the u.s. commission on international religious freedom. she is set to testify at the hearing today. doctor, we're honored to have you on today and good morning. >> thanks, i'm delighted. bill: what could come from this hearing do you think? >> well, congressional he
at community colleges spiked during the recession, now it's beginning to fall as the economy improves, but tuition at four-year colleges is rising. the job market is still struggling and student loan debt is skyrocketing. >> and attending a community college and getting an associate's degree is a more practical decision. >> reporter: start at a community college if you're trying to trim costs. >> where you went to school matters less and less. what matters more and more is what you take. >> reporter: second, learn a practical indemand skill like computer science. and finally, see if your employer will chip in. >> that was essential to help me finishing my bachelors. >> so is america on the verge of an economic renaissance? catch ali velshi and me right back here at 1:00 p.m. eastern on "your money," "cnn saturday morning" continues right now. >>> good saturday morning to you, great to see you, i'm susan hendricks in today for randi kaye. 10:00 on the east coast. >>> we begin right outside washington this morning where conservatives are gathered to set their course for the future. it i
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